40
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450 Lewis Ave
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Feb 5, 2021 | Listed | $825,000 | |
| Listed | |||
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Originally built in 1920, this 3/1 Craftsman bungalow sits on a spacious lot in the Broadmoor District with sunny southern exposure, a tandem garage and a separate studio with full bathroom. There are photovoltaic solar panels, largely offsetting electrical expenses (roof installed in 2018). The main level of the home features 2 bedrooms and a full bathroom with shower over tub. The large kitchen has new quartz & butcher block counter tops, a breakfast bar, garden window, stainless steel appliances with a gas range and access to the rear yard. The largest bedroom is upstairs with new carpeting and south, west & east facing windows. There are driveways on both sides of the house perfect for boat, hobby car or RV storage. At the end of the left driveway is a tandem garage with an adjacent studio with a full bathroom. The rear patio is pleasantly landscaped with mature and new plantings including peach, fig, orange trees and passion fruit! Offers due Thursday, 2/11 by 1pm.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017